Notice of AGM

RNS Number : 6943U

Restaurant Group PLC

08 April 2016

 

The Restaurant Group plc

(the Company)

Annual Report and Notice of Annual General Meeting

The Company announces that the Notice of Annual General Meeting ("AGM Notice"), form of proxy and Annual Report and Accounts for the year ended 27 December 2015 ("Annual Report") have been posted to shareholders today.

In accordance with Listing Rule 9.6.1, copies of the AGM Notice and Annual Report have been submitted to the National Storage Mechanism and will shortly be available to view at http://www.morningstar.co.uk/uk/NSM and on the Company's website, http://www.trgplc.com/investors/reports-and-presentations.

The Company's Annual General Meeting will be held at the offices of Instinctif Partners, 65 Gresham Street, London, EC2V 7NQ at 10.00am on Thursday, 12 May 2016.

8 April 2016

Enquiries:

Alex Small                                                                                 020 3117 5001

Company Secretary

Instinctif Partners

Matthew Smallwood                                                                   0207 457 2020

Appendix

The additional information set out below, which is extracted from the Annual Report, is included in compliance with Disclosure and Transparency Rule 6.3.5. This information should be read in conjunction with the Annual Report as a whole:

The Restaurant Group plc - Principal risk factors

The Board of Directors regularly identify, monitor and manage potential risks and uncertainties to the Group. The list on the following page sets out what the Directors consider to be the current principal risks and uncertainties, with an overview of the mitigation process for these. This list is not presumed to be exhaustive and is, by its very nature, subject to change.

Risks and uncertainties	Mitigation process
Adverse economic conditions and a decline in consumer confidence and spend in the UK	Regular monitoring of performance and appropriate action plans
Increased supply of new restaurant concepts into the market	Concentration on segments offering higher barriers to entry and good growth prospects; regular monitoring of performance and appropriate action plans
Lack of new site opportunities, and risks to existing Concession agreements	Dedicated property department focusing on new site development; strong relationships with Concessions partners
Failure to provide customers with brand-standard value for money offerings and service levels	Training; mystery diner visits; monitoring of customer feedback; internal quality control testing
Major failure of key suppliers to deliver products into restaurants	Contingency planning for supply chain and suppliers
Damage to our brands' images due to failures in environmental health compliance in the restaurants or from contamination of products	Training of restaurant and pub teams; detailed health and safety manual; regular internal and external auditing of all sites; auditing of supply chain and suppliers; health and safety incentives and awards
The loss of key personnel or failure to manage succession planning	Benchmarking of remuneration packages; analysis of staff turnover; performance appraisal and review system to retain existing talent; Long-Term Incentive Plan
Increase in prices of key raw materials (including foreign currency fluctuations), wages, overheads and utilities	Rolling programme of securing longer-term contracts to mitigate short-term pricing fluctuations; energy efficiency programme
Breakdown in internal controls through fraud or error, major failure of IT systems	Experienced staff in key roles; segregation of duties; internal and external audit processes; Audit Committee role; 3rd party security reviews
Cyber security failure leading to revenue or reputational loss	Security reviews and scans and follow up remediation; improvements to corporate, supplier and employee incident response plans and communications; continued investment in new and improved systems; 3rd party reviews and continual improvement of existing protection and processes.

Directors' responsibility statement

The Directors confirm that to the best of their knowledge:

·     the financial statements, prepared in accordance with the International Financial Reporting Standards ("IFRSs") as adopted by the European Union, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Company and the undertakings included in the consolidation taken as a whole;

·     the Strategic Report includes a fair review of the development and performance of the business and the position of the Company and the undertakings included in the consolidation taken as a whole, together with a description of the principal risks and uncertainties that they face; and

·     the Annual Report and Accounts, taken as a whole, are fair, balanced and understandable and provide the necessary information to shareholders to assess the Company's performance, business model and strategy.

Directors

The Directors who held office as at the date of signing of the Annual Report were as follows:

Executive Directors

·      Danny Breithaupt

·      Stephen Critoph

Non-executive Directors

·      Alan Jackson

·      Debbie Hewitt

·      Tony Hughes

·      Simon Cloke

·      Sally Cowdry

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